Music-Arts Institute
- Assets
- $687.0k
- Revenue
- $633.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Independence, MO
- Founding
- 07/1986
- Data as of
- 07/2022
- EIN
- 43-1245831
Organization Overview
Music-Arts Institute is located in Independence, MO. The organization was established in 1986. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2022, Music-Arts Institute employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music-Arts Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2022, Music-Arts Institute generated $633.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $325.0k during the year ending 07/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY BASED MUSIC/ARTS EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTS EDUCATION FOR STUDENTS RANGING IN AGE FROM GRADE SCHEOOL TO ADULT. CLASSES INCLUDE VOICE, PIANO, STRINGS, WOODWINDS, GUITAR, BRASS, CHOIR AND KINDERMUSIK. STUDENTS PERFORM IN RECITALS AND CONCERT EVENTS WITH KANSAS CITY SYMPHONY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Dickerson Vice President | OfficerTrustee | 0 | $0 |
Dick Wilson President | OfficerTrustee | 0 | $0 |
Ron Clemons Officer | Officer | 0 | $0 |
Debbbie Orenick Director | Trustee | 0 | $0 |
Doris Negaard Director | Trustee | 0 | $0 |
Ron Finke Treasurer | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $448,570 |
| Noncash contributions included in lines 1a–1f | $3,690 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $448,570 |
| Total Program Service Revenue | $163,127 |
| Investment income | $480 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $632,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $57,380 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,381 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,031 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,201 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,210 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,295 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,623 |
| Insurance | $1,122 |
| All other expenses | $22,728 |
| Total functional expenses | $324,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $395,681 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $511 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,863 |
| Net Land, buildings, and equipment | $270,919 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $686,974 |
| Accounts payable and accrued expenses | $8,772 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,109 |
| Total liabilities | $9,881 |
| Net assets without donor restrictions | $677,093 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $686,974 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Music-Arts Institute has recieved totaling $175,848.
| Awarding Organization | Amount |
|---|---|
Sunderland Foundation Overland Park, KS PURPOSE: BUILDING RENOVATIONS AND UPDATES | $75,000 |
Truman Heartland Community Foundation Independence, MO PURPOSE: GENERAL SUPPORT | $35,769 |
Edward G And Kathryn E Mader Foundation Overland Park, KS PURPOSE: GENERAL SUPPORT | $20,000 |
Oppenstein Brothers Foundation Kansas City, MO PURPOSE: SCHOLARSHIPS | $20,000 |
Richard J Stern Foundation For The Arts Kansas City, MO PURPOSE: MUSIC LESSON SCHOLARSHIP PROJECT | $15,000 |
Oppenstein Brothers Foundation Kansas City, MO PURPOSE: SCHOLARSHIPS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music Institute Of Chicago Evanston, IL | $11,276,124 | $7,011,364 |
Chicago Academy For The Arts Chicago, IL | $3,169,468 | $6,255,209 |
Fab Lab Tulsa Inc Tulsa, OK | $905,994 | $2,260,190 |
Arrowmont School Of Arts And Crafts Gatlinburg, TN | $53,053,900 | $4,804,249 |
Frazier Academy Design Team Inc Chicago, IL | $0 | $3,133,368 |
Foundation For Lincoln Public Schools Lincoln, NE | $17,002,214 | $4,527,343 |
Ingenuity Incorporated Chicago Chicago, IL | $7,892,105 | $6,208,550 |
Marwen Foundation Chicago, IL | $21,640,226 | $2,262,448 |
Urban Gateways Chicago, IL | $1,900,361 | $2,567,092 |
Evanston Art Center And Market Evanston, IL | $5,253,080 | $1,872,951 |
Oklahoma Arts Institute Oklahoma City, OK | $2,532,394 | $1,383,952 |
Arts Of Life Chicago, IL | $862,987 | $1,651,270 |